The Swiss Investment Fund for Emerging Markets (SIFEM) has made an investment in the Uhuru Growth Fund I. SIFEM’s $10 million will target businesses with an operating history, established revenues, strong management teams and a competitive position in their markets.

The overall objective is to grow these businesses into leading companies within their sectors, and where a regional strategy is involved, into regional champions.

Uhuru Growth Fund I is the first fund of Uhuru Inve...